Amryt Pharma PLC AGM Statement (1676G)
May 25 2017 - 1:00AM
UK Regulatory
TIDMAMYT
RNS Number : 1676G
Amryt Pharma PLC
25 May 2017
25 May 2017
AIM: AMYT
ESM: AYP
Amryt Pharma plc
("Amryt" or the "Company")
AGM Statement
Amryt, the pharmaceutical company focused on best-in-class
treatments for rare and orphan diseases, will hold its Annual
General Meeting this morning and Chairman, Harry Stratford, will
make the following comment on current trading:
"The Group has made substantial progress since its admission to
trading on AIM in April 2016 and this has continued in the new
financial year.
"As previously reported on 30 March 2017, sales of Lojuxta are
expected to generate revenues of EUR 10.5m on an annualised basis
and management is encouraged by 'real-world' data results* as it
seeks to increase sales of this cholesterol-lowering agent in the
treatment of the Homozygous Familial Hypercholesterolaemia ("HoFH")
across its licenced territories.
"The pivotal Phase 3 trial, "EASE", which is evaluating AP101,
the Company's lead development asset, as a potential treatment for
Epidermolysis Bullosa ("EB"), the distressing skin disorder,
enrolled its first patient in April and the trial remains on track
to be one of the largest studies of its kind in this rare
disease.
"The Board continues to view prospects very positively."
*The study results have been presented in a paper entitled,
"Efficacy of Lomitapide in the Treatment of Familial Homozygous
Hypercholesterolemia: Results of a Real-World Clinical Experience
in Italy", and published by Advances in Therapy, an international,
peer-reviewed journal.
Enquiries:
Amryt Pharma plc C/o KTZ Communications
Joe Wiley, CEO
Rory Nealon, CFO/COO
+44 (0) 20 7408
Shore Capital 4090
Nomad and Joint Broker
Bidhi Bhoma, Edward Mansfield
Davy +353 (1) 679 6363
ESM Adviser and Joint Broker
John Frain, Anthony Farrell
+44 (0) 20 7710
Stifel 7600
Joint Broker
Jonathan Senior, Ben Maddison
+44 (0) 20 3178
KTZ Communications 6378
Katie Tzouliadis, Emma Pearson
About Amryt Pharma plc
(www.amrytpharma.com)
Amryt Pharma is a specialty pharmaceutical company focused on
developing and delivering innovative new treatments to help improve
the lives of patients with rare or orphan diseases. The Company is
building a diversified portfolio of commercially attractive,
best-in-class, proprietary new drugs to help address some of these
rare and debilitating illnesses for which there are currently no
available treatments.
The Company holds an exclusive licence to sell Lojuxta
(lomitapide) for adults, across the EU and other territories
including the Middle East, North Africa, Turkey and Israel. Lojuxta
is used to treat a rare life-threatening disease called Homozygous
Familial Hypercholesterolemia, which impairs the body's ability to
remove LDL cholesterol ("bad" cholesterol) from the blood. This
typically results in extremely high blood LDL cholesterol levels
leading to aggressive and premature narrowing and blocking of
arterial blood vessels. If left untreated, heart attack or sudden
death may occur in childhood or early adulthood.
Amryt's lead drug candidate, AP101 (Episalvan), is a potential
treatment for Epidermolysis Bullosa ("EB"), a rare and distressing
genetic skin disorder affecting young children for which there is
currently no treatment. It is currently in Phase 3 clinical trials.
The global market opportunity for EB is estimated to be in excess
of EUR 1.3 billion.
Amryt's earlier stage product AP102 is focused on developing
novel, next generation somatostatin analogue ("SSA") peptide
medicines for patients with rare neuroendocrine diseases, where
there is a high unmet medical need, including acromegaly and
Cushing's disease.
The Company joined AIM and Dublin's ESM in April 2016 following
the reverse takeover of Fastnet Equity PLC.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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